A similar graphical technique for comparing predicted and actual values is used by Gruber and Kamin (2005). speaking, within the range that is consistent with the fundamental determinants included in the model. Notable deviations ... Appendix Figure 1. Europe: Predicted and Actual Current Accounts, 1975–2004 (in percent of GDP) PRT GRC FIN Actual Current Account SWE FIN BEL NLD NLD PRT GRC SWE GRC ... the estimated growth regression (column 6 of panel A in

at relatively comfortable rates, as shown in Table 4. Within this framework, the debt ... very vulnerable position. The risks related to the volatility of the main debt ... they deepen the previous debt structure and therefore increased debt vulnerability. /DWHQW